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, the first lady of the united states reminds us she can duggy better than laura bush ever did. that clip, later in the show. live at 5:30 a.m., you are at 30 rock. violent protest against the united states. at the u.s. kons late in benghazi, at least one american staff member was killed after they stormed the compound and burned it down. looking at the scene, you can hear gunshots going off. the attackers were armed with automatic rifles and grenades. libyan forces stationed there were said to have done little to stop the violence. in egypt, protesters scaled walls destroying the american flag, ripping it to shreds and replacing it with a black, islamic banner. the diplomatic staff had been evacua evacuated. both incidents in reaction to a little known akture movie produced in the u.s. po ridicule the profit mo hammed. the same guy that triggered deadly riots in afghanistan by threatening to burn the koran. the american embassy prepared a statement reading the united states embassy condemns the efforts of misguided individuals to hurt the feelings of muslims. respect for religious belief
are reaction to a little-known amateur movie produced in the united states which ridiculed the prophet mohammed. it gained attention because an obscure florida pastor began promoting it, the same man who triggered deadly riots in afghanistan when he threatened to burn the koran. we want to go straight to cairo where we find nbc chief foreign correspondent, richard engel. richard, fill us in a little more this morning. >> reporter: good morning. a libyan source has told nbc news that the u.s. ambassador who was visiting the consulate was killed along with three others. not sure of the nationality of those three others. the u.s. state department has not confirmed this, but this has been told to us by a senior security source in libya. we've been also told that the libyan prime minister and the libyan president will both be speaking today about this subject, offering their condolences to the united states and to the family of the fallen ambassador. and this is according to the report. we were told that when gunmen and a mob stormed the consulate building, they first attacked it with rpgs, then the
are having to adjust and they believe the united states is weak and they are taking appropriate action. bill: also over the weekend congressman mike rogers, chairman of the house intelligence committee and former fbi agent echoed that sentiment. >> the countries of middle east believe there is a disengagement policy by the united states and that lack of leadership there or at least clarity on what our position is causing problems. i, if we all decide to rally around the video as the problem we're going to make a serious mistake and we're going to make i think diplomatic mistakes as we move forward if we think that is the only reason people are showing up at our embassy to conduct acts violence. bill: the romney campaign says the obama administration is failing to throughout that part of the world. heather: there is more trouble brewing between israel and iran as a nightmare scenario could be coming close to reality. prime minister benjamin netanyahu says the iran will be the on the brink of nuclear capabilities in just six months. he use ad metaphor to describe the new emergency and claims t
of the united states nowhere to be seen. >>> a brawl breaks out at a plant making apple products forcing it to shut down. what is that going to mean for your new iphone? let's go "outfront." >>> good evening. i'm erin burnett. "outfront" tonight, iran slaps israel. iran's president ahmadinejad is on american soil tonight and i was with him today. he was smiling, making jokes, very relaxed as he took questions from a group of journalists at his hotel. he kept asking us to exchange views. not just ask questions. but we had a lot of questions to ask. and in his answers, he called israel's threats to attack iran's nuclear program, in his words, a blip on the radar screen. >> translator: principally, we do not take seriously what the scientists say in threatening iran. >> so it's hard to imagine a more clear bow off than that, right? until you hear this. >> translator: they have been ok pieing those territories for the last 60 to 70 years with the support of force of the westerners. they have no roots there in history. iran is a vast, great country that has been as such for thousands of years
has the judgment and character to be the president of the united states. this morning all of us were shocked to learn that chris stevens, our ambassador to libya, had been killed in an attack there, along with three other american diplomats, all murdered in what u.s. officials are now investigating as a possible terrorist attack on the anniversary of 9/11. while americans mourned, mr. romney saw a political opportunity. >> the administration was wrong to stand by a statement sympathizing with those who had breached our embassy in egypt instead of condemning their actions. in my view, a disgraceful statement on the part of our administration to apologize for american values. >> sympathizing with them all, apologizing for our values? this is rough talk and ugly stuff and president obama responded. >> there's a broader lesson to be learned here. governor romney has a tendency to shoot first and aim later and as president, one of the things i've learned is that you can't do that, that it's important for you to make sure that the statements that you make are backed up by the facts and tha
is a big thing that iran knows and israel knows and the rest of the world knows that the united states is not going to let iran get a weapon or capability of getting a weapon. >> first of all, i think there's a balance. you need to strike a balance. what many including governor romney and congressman ryan and others around the world have said you have to be specific about this capability point. that you have to be able to signal to the iranians and the world that just building the weapon or getting close to building the weapon, is not the red line. having the tools at their disposal, that they would be easily assembled is a big problem and must be stopped because if they have the tools to assemble a weapon, easily assemble a weapon, it will have the impact that the iranian leadership wants. it will enable them to establish some set of region in the back their terror proxy operations through hezbollah and hamasimpum to just put pressure on friends and adversaries of ours and that's unacceptable and drawing that line does not mean you have to say at this specific moment at this specific
for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states government within 24 hours knew it was a pre-planned terrorist attack. your thought on that. because that indicts rice and whomever else was in this cover-up even more. >> that's right. ambassador rice came on the sunday morning programs and said that, in fact, it was a spontaneous reaction of course to the video. and in no way was an expression of hostility toward america. and you have to say killing four american heroes, quite honestly, attacking our consulate, if that's not hostility toward america, i don't know what it is. so, no, i think it's pretty apparent that the administration must have known, had information, and ambassador rice was sent out on the sunday programs to mislead the american public. i find that outrageous, and i think she needs to explain herself and explain herself fast. we should also call for an investigation.
president of the united states, we will stop it. i will not cut our commitment to our military. >> the president once again blasted romney's hidden camera comments on the 47% of americans he dubbed victims of government dependence. >> i don't think we can get very far with leaders who writeoff half the nation as a bunch of victims who never take responsibility for their own lives. >> 47% of the people vote for the president no matter what. who -- >> the obama campaign turned romney's secretly recorded remarks into a devastating new ad claiming the gop nominee's words under the families and veterans. >> so my job is not to worry about -- they should take personal responsibility. >> romney two days in a row out to link national security to the nation's sluggish recovery. he's seizing on new economic data revising down the 2nd quarter gdp. >> this is not just one quarter. this has been going on now for years. china's growing much faster than we. russia's growing faster than we. our economy needs to be reinvigorated. >> but not all the numbers paint a gloomy picture. the labor depa
to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
. but why isn't the united states any closer to getting it? >>> gop candidate mitt romney got another compliment from president clinton today. this time, though -- maybe not much help. >>> and it's been about 24 hours. and nfl fans are still outraged by a call made by a replacement ref in last night's packer-seahawks game. even scott walker pleads he wants the refs back. and hey, they're in a union! what will it take? let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, obama vows he'll get the killers. today the president spent 24 minutes of his half-hour speech to the united nations talking about libya, the middle east and ambassador chris stevens. the speech, which was seen by american voters and viewers around the world, mentioned stevens 12 times. as the president paid tribute to him right from the start. >> chris stevens loved his work. he took pride in the country he served, and he saw dignity in the people that he met. and two weeks ago, he traveled to benghazi to review plans to establish a new cultural center and modernize a hospital. th
. >> this is offshore buoy much like we use here in the united states off the coast of dell wear and new jersey? >> that's it exactly. >> you have partnered with british petroleum. they will start delivering lng, is that correct? >> that is not done yet. one we're doing is accelerate energy. an american company. that we like and trust. and hopefully they will be our partner in exporting, or i am porting the -- importing the natural gas. >> i'm an investor in the united states programs i could take a stake or investment in accelerator. >> that is great idea. >> what other opportunity because israel natural gas is a state-owned company. how might i get in on what you're building next three or four years to become a natural gas exporter? how can an investor here take part in that? what companies are you working here in the states to work with that infrastructure? >> you can invest basically, although we're fully owned by government we issued bonds, we are rated aa-plus and by moody's and s&p. you could invest with the company but more likely that you would like to invest with the partners around us from th
's why i'm running for a second term as president of the united states. now, hold on a second. i want you to know, though, because some of you may not have been paying attention at the convention because you were still thinking about michelle and how good she was. [ cheers ] or maybe you're still talking about president clinton and how he broke it down. well, i want everybody to be clear. the path i'm offering isn't quick or easy. it's going to take more than a few years. to deal with all the challenges that we face. but let me tell you something, when i hear the other se talking about how the nation's in decline, i tell them, you must not be getting out much because this is america. and we've still got the best workers in the world and the best entrepreneurs in the world and the best scientists and researchers in the world, and the best colleges and universities in the world. and there's not a country on earth that wouldn't trade places with us right now. so i'm confident our problems can be solved. our challenges will be met. the path i offer is harder, but it leads to a better place. b
. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say look at the unemployment rate under president obama how it's stayed above 8%, this is quote unquote our year, we
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
of the united states. i've got a very effective campaign doing a very good job, but not everything i say is elegant and i want to make it very clear, i want to help 100% of the people. >> dave: he followed up by saying, you know, you didn't totally answer that question, but to romney's point. do you need a complete change of direction or turn around or campaign better and minimize mistake. comes down to debate. october 3rd the big first debate. >> and like that he addressed the 47%, hey, i wasn't an elegant speaker and i do want to help all americans. >> clayton: now more on that, and could it come down to foreign policy? we'll ask chris wallace about that coming up in a little bit. the number of able bodied americans on food stamps has doubled as president obama changed to welfare reform law. how can it be a fair and balanced debate. >> not so sweet 16. thousands of teenagers showing up and reuting in the streets. ahead. ♪ ♪ where's the party, i want to free my soul ♪ ♪ where's the party, i want to lose control ♪ ♪ where's the party (car horn) paying with your smartphone ins
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
everyone up, including the president of the united states? >> sean: it's frightening. you know, i really loved your book. i actually went back and started rereading it, knowing you'll be on the program today. i look at this president, and i think of woodward, your partner who's a little more left wing, and bernstein and watergate, all that you've been through in your career. we have a situation where i believe the president of the united states is purposely lying. let me tell you what i mean. when he keeps referring to this attack on our embassy, and all of the evidence, including the libyan president, there were two waves of attack, mortars were used, i don't think a spontaneous attack -- i don't think somebody was holding a rocket-propelled grenade with them. it's on the anniversary of 9/11. the president keeps going back t nobody saw released in july as an excuse. that seems to me the type of story that the media would jump on and say, give us the facts here. why didn't we have beefed-up security on 9/11 at our consulate, at our embassies? where did we drop the ball here? they don't a
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
competitors to step up the game in order for mcdonald's to start missing here in the united states. what will mcdonald's force to be done? and will that be good from an investor standpoint? how much will they have to give up maybe in terms of margins in order to get those customers back, for instance? >> you know, i think it's a combination of being more aggressive on the dollar menu. they will give a little bit on the margin side and we have near term caution on that particular point. but i also think they have a pretty nice product pipeline shaping up for 2013, which gives us excitement, and it's one of the reasons why mcdonald's is one of our favorite medium term names in the space. we do have some caution based on more difficult comparisons that show up in the fourth quarter as well as the threat of higher food costs that are going to pay out early next year. >> we should point out that with 104th on the price target. jim, we hear again from r.j. about food costs. actually the flip side of this is that we have a very weak labor market in the united states. so for as long as we're not
the united states does not talk about trickle-up economics, take that 80%, educate them, make them pay taxes, and stop charging the top 5% more and more for what they create. why is that conversation not happening here? >> well, that's part of why inet, the institute for new economic thinking, was founded. james heckman at university of chicago and nobel prize-winning economist and i are working on a major program. we have 179 people worldwide on early-age human capital, early-age education which includes public health. >> you just have to put more resources into the education system to make it work. >> and better allocation of incentives, absolutely right. you're talking about a national tragedy. >> the word "resources" is loaded especially this week when we've got chicago teachers facing a potential injunction. >> yes. >> overturning citizens united, right, is not going to -- is not going to pacify what's happening outside. >> mm-hmm. >> neither is paying teachers more or giving them a shorter school year. right? >> i think if you paid teachers more, say relative to other professions, you
sales net revenue saving up to $4.5 billion in taxes on goods sold in the united states. we talked to microsoft. here's what they told us. they say, microsoft has a complex business and we must comply with the complicated tax code of the united states, resulting in an exceedingly complex tax structure. second company in the crosshairs here today is going to be hewlett-packa hewlett-packard. the senate committee saying since at least 2008, hp has used billions of dollars of intercompany offshore loans to effectively repatriate untaxed foreign profits back to the united states to run u.s. operations. that's contrary to the intent of u.s. tax policy. we talked to hewlett-packard. here's what they told us. they say, hp has complied fully with all applicable provisions of the u.s. internal revenue code and auditor ernst and young has audited. we'll learn more about what this is up committee found in about a half-hour. >>> the committee on banking, housing and urban affairs, subcommittee on securities, insurance and investment is holding a hearing on high-frequency trading and they are t
of the united states redistributed more income than we have today. connell: let me stop you for one second -- >> -- that's why the economy is having so many problems. connell: and the reason is i want to explain the chart. brian gave us this chart to tell you what you are looking at. government spending percentage of the economy versus stocks, versus the dow. >> yep. connell: so the yellow line is stocks. do you see where it is going up there? going all the way back to the 60s. and the blue line is government spending. it tells you what, brian? >> yeah, it's very very clear, if you look at that chart. back when lbj, lyndon johnson became president in 1965, we passed the great society programs, government spending shot up, and the stock market went nowhere for 17 years. then ronald reagan came in and even bill clinton lowered and reduced spending as a share of gdp, and the stock market exploded, and now in the last decade, under president bush and then obama, government spending has shot up again. no wonder stocks have been flat for the past decade. connell: they have been for a long time.
.3% in the second quarter. the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't quite understand why romney isn't goin
quickly and when. >> the united states has not had a current the account surplus since 1991. if we were on the gold standard, we just might not have anymore gold left. >> didn't we pass that so long ago? >> the dollar is not a weak currency. the dollar probably needs to be weaker in order to be more competitive, but you can't say that about every currency in the world. certainly in japan the currency has gotten too strong and you now they have the additional problems because of all of the riots going on, the conflict in china over these islands. and that's going to hurt japan again. so japan needs more than just a currency fix. the united states i think you can argue the currency is overvalued in a more fundamental way, but japan has lots of problems. >> do you play currencies? good >> only through companies listed in the u.s. we're not hedging. >> not hedges because -- >> because if we knew where currencies have gone, you'd be the smartest person around. the euro goes to 1.30 -- so it's hard. you have to get fundamentals right and then currency will take care of it. >> what's the diffe
're quite anxious to find a partner in the united states to roll it through america. talk me through that, if you would. >> this is a start in one of our hotels as a food and beverage outlet in t2000. people kept asking me who owns the franchise nor the noodle house, we want one in our place. i said, we own the franchise. so we started to put a whole franchise and team together on what i hope will be, and i think we have achieved it on a very professional basis. and when then we started to franchise in other units. we started with six units we own and operate in dubai. now we are operating 20 across the world. we actually have 123 signed up in our pipeline. and we would very much like to be in the united states. we have had discussions, serious discussions about taking the name out there on a franchise basis. so it just really grew out of one of the -- as a restaurant outfit in one of the hotels. >> let me ask you finally, you're a member of the hotel industry and you sit on one of the boards, and it is an industry finding its voice saying, we are and saying, look, we are jobs, we are gro
. this is an election for president of the united states -- >> right, no, and i would agree with you on that and that's not what i'm saying so i'll stop you there if i can. i agree with you on that. i'm not saying how you look, i guess you would say how you can command and navigate a debate is, might be equally as important to the specifics of what you're saying. which is not quite how you look. >> well, but it has to do with, look, when president obama was elected, he got elected on a blank slate, or see in me what you want to see in me. then what happened was, what he saw was tax increases and growth of government, joblessness remaining high for 43 months, are big concerns. that is what people want to think about. and quite frankly, i think that if all the media will talk about in these presidential debates is how someone looked and did they have their shoulders high, et cetera, that's a glamour contest. when i talk to families they want to know what does this mean for our kids? what does this mean for us and jobs? and that's going to be the big takeaway. the substance later on, not just how someon
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
conservative governor in the united states. florida, i understand it's a swinstate in presidential election, but it's a swing state when you have,ou know guys running like mitt romney and john mccain and bob dole. a tough conservative wins florida. >> what was the impact of that ad -- i couldn't believe when he picked ryan, the democrats ran an ad of some guy whoooke yaus granny off the edge of a cliff in a wheelchair. it was subtle. >> it was subtle but that doesn't work because marco rubio got elected by promising. the one big date that he had with charlie cristndhe deatppt, talked about raising social security to 70. bob graham, one of the most popular democratic politicians in florida history, always talked about the need of possly raising the retirement age for social security and medicare. therhe are a lot smarter than politicians think. so no, it wasn't that good. let's talk some more about ike because, again, i think the guy is slowly evolving into my favorite president. talk abo- you say he's a war hero whoated war. and i guess ike, after korea, u.s. serviceman wasn't killed? >> ye
aren't moving anywhere. it's on hope they can get it rationalized. united states is on fire and everyone keeps saying why can't we buy ford. because of latin america and europe. >> facebook, a bit backward looking, but the best day yesterday since that ipo. it's almost you can't say ipo without saying botched ipo. that's the way everybody says it. was there a turn yesterday? >> i think that you're going to have a well p like situation is what people hope. yelp was a giant lock up that expired and all the shorts were piled on. it went up seven. you have to bet that everyone is overly short facebook to get this thing going. i think it's more of the dynamics of the lock up in actual earnings. >> the big lock up is coming november and by november, we'll have more than a million shares hit the market. >> that's a big lock up to overcome. >> aig was remarkable. had 600 million shares hit, but aig of course was valued at half book. facebook, not valued at half book. >> taking a look at the financials, it is worth noting because xlf closed at five-month highs. taking a bit of a brea
from the united states capitol building. not much going on here in washington these days. if the president comes back in town, it is usually only to spend the night and then he's back on the campaign trail as he was yesterday in virginia. what a quinky dink. romney and obama both in ohio on the same day and both in virginia this week on the same day. do you think they're coordinating their schedules? maybe they ought to ride on the same bus. make things a lot easier, wouldn't it? we've got lots and lots to talk about here on the "full court press" today and lots you'll want to call about at 1-866-55-press. that is our toll free number. peter ogborn and dan henning as always. team press here. >> happy friday. >> with cyprian bowlding on the cameras. >> nice to see you. >> bill: everything good. "saturday night live" had a lot of fun last night. they did a thursday special. they do this sometimes during presidential elections. and they've got this new guy who plays president obama. >> i like him. >>
-islam internet movie made in the united states that washington has publicly and repeatedly denounced. >> the united states government had absolutely nothing to do with this video. we absolutely reject its content and message. >> reporter: the protesters aren't listening to that. authorities in cairo are erecting new walls around the embassy to prevent mobs from getting close, evidence in concrete of the growing divide between washington, cairo and beyond. there have been demonstrations against the offensive video in 11 countries so far. half of them in places where washington supported arab spring uprisings that toppled strong men who had formerly been u.s. allies. the arab spring has taken a dark turn. in yemen on thursday, protesters managed to break into the parking lot of the embassy in sanaa, destroying vehicles, smashing windows and even using a forklift to do more damage. no embassy staff was hurt. entering this volatile region now, the pope, leaving rome today for a previously scheduled visit to lebanon. so far there hasn't been any violence there. but today is friday, the mu
's happening in the united states. >> certainly that's going to bring down the large indices and i just wonder if you think in the fourth quarter there will be a put from central banks or from hedge fund managers that have to play catchup or could we look at the last three months last year? >> central banks are obviously very powerful. you know the old saying, don't fight the fed. you have to be very careful. but as you stretch out the time rise and what you find historically is there is no relationship between liquidity and stock market movement. but i think what's much more important is your original question, if the profit cycle continues to decelerate, i think that's what people want to think about and that's what people want to position their portfolios for. i still think personally that you want to look at more defensive sectors which i think are less prone to have these big earnings disappointments right now. >> rich, can you put together these two knows in the market that you want to be in more dmfticily oriented companies and also this other thought in the market that you want to be i
is from the israeliss, we are willing to delay a military strike, which the united states has said they want the israelis to do, if america makes some kind of public promise about an attack. so far the words from secretary clinton though don't seem to show the united states is willing to do that, martha. martha: so, there has been a lot of discussion about perhaps an imminent attack coming from israel to takeout some of those facilities. where does all that stand now? >> reporter: if you read the israeli papers in the past month or so they said an attack was virtually guaranteed before the u.s. elections in november. that rhetoric has been dialed down. whether that is intentional as a head fake or that is really going on is yet to be seen. it's very clear that the israelis need to strike sooner than the americans do because the israelis have a much, much more limited long-range bombing capability. either way you can get a feeling from the ground here by what is in the papers. this is one of the main israeli dailies i want to show you from this weekend. this is a picture of all the
with the european debt crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has been talking to other luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales in china, europe and elsewhere. in the s&p 500, there have been 88 negative pre-announcements for the third quarter so far, and only 20 positive ones. >> the number of negative pre- announcements we've received is the worst in over a decade. we've already seen analysts become very bearish on these companies. >> reporter: last week, chipmaker intel drastically reduced its sales forecast, warning consumers and businesses are buying fewer personal computers. the company also withdrew its full-year guidance, which is seen as a sign of extreme uncertainty. and fedex recently cut its earnings fore
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